WAMU: After accusations of lending discrimination, JPMorgan Chase announces major D.C. expansion
Chase’s arrival in the D.C. area is significant in part because it has been accused of lending discrimination here.
In the News
Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Reveal: Chase announces major expansion in DC
JPMorgan Chase will open 70 new branches in the District.
Reveal: Chase announces major expansion in DC Read More »
MPR News: How consumers can protect themselves from potential abuse by big banks
Wells Fargo could face a $1 billion fine from the CFPB, the largest in history, but is that enough? Join Stacy Cowley, Kerri Miller, and NCRC’s John Taylor. Also discussed, Mick Mulvaney’s CFPB, breaking up the big banks, and El Chapo’s drug cartel.
MPR News: How consumers can protect themselves from potential abuse by big banks Read More »
CityLab: How the Fair Housing Act failed black homeowners
Fair-lending enforcement would not happen in earnest until years after the Fair Housing Act, not until the Community Reinvestment Act of 1977 required financial institutions go on record about what they considered their market area. The law intentionally created a conundrum for any institution that was redlining: How could it accept deposits from customers to whom it was unwilling to lend?
CityLab: How the Fair Housing Act failed black homeowners Read More »
American Banker: No shortage of ideas on CRA overhaul as official plan remains mystery
Bank regulators have not even proposed a plan yet for overhauling the Community Reinvestment Act, but stakeholders likely to weigh in on the plan are already establishing battle lines.
American Banker: No shortage of ideas on CRA overhaul as official plan remains mystery Read More »
American Banker: 5 takeaways from Treasury’s call to action on CRA
The report “addressed what we have for a long time talked about with assessment areas. We think that is a step in the right direction,” said John Taylor, President and CEO of NCRC. But Taylor wanted to make sure that regulators do not lose sight of the importance of branch locations if they expand the assessments to other areas.
American Banker: 5 takeaways from Treasury’s call to action on CRA Read More »
The Wall Street Journal: Rules for lending to the poor under review
Trump administration kicks off reassessment of 1977 law that has ‘not kept pace’ with changes in banking
The Wall Street Journal: Rules for lending to the poor under review Read More »
Reveal: Community groups propose redlining solutions to Philadelphia City Council
Though blacks and whites represent similar shares of the population in the Philadelphia metro area, Reveal found white borrowers received 10 times as many conventional home loans as black ones.
Reveal: Community groups propose redlining solutions to Philadelphia City Council Read More »
NextCity: Mapping 80 years of segregation in U.S. cities
New report from NCRC shows the legacy of redlining.
NextCity: Mapping 80 years of segregation in U.S. cities Read More »
Washington Post: Redlining was banned 50 years ago. It’s still hurting minorities today.
Researchers at NCRC compared HOLC maps, the most comprehensive documentation of discriminatory lending practices, with modern-day census data to determine how much neighborhood demographics have changed in 80 years.
Marketplace: The lamppost theory
Check out NCRC’s Jesse Van Tol on NPR discussing CRA reform.
Marketplace: The lamppost theory Read More »
Realtor.com: Can Fannie and Freddie provide a jolt to buyers desperate for affordable housing?
Those who don’t have a generous pre-approval letter from a lender in their pocket might find themselves out of luck when they go house hunting. That’s why some of the biggest players in housing finance are making new efforts to open up housing options for low- and middle-income buyers.
Reveal: Chase rarely lends to people of color in DC – and it’s probably legal
Chase’s only DC office isn’t technically a branch, which allows it to dodge CRA regulations.
Reveal: Chase rarely lends to people of color in DC – and it’s probably legal Read More »
CNNMoney: 10 years after the financial crisis, have we learned anything?
Memories of those difficult days seem to have faded from the public consciousness, as have the lessons we learned on how we got there in the first place.
CNNMoney: 10 years after the financial crisis, have we learned anything? Read More »
How to mark the 10-year anniversary of the Great Recession?
This week, the U.S. Senate marked the anniversary of the Great Recession by pretending it never happened. Instead, it passed a hurtful plan to roll back consumer protections, including bank data reporting requirements put in place to prevent another financial collapse.
How to mark the 10-year anniversary of the Great Recession? Read More »